BEIJING - Police in southern China have detained some staff at China Evergrande Group's wealth management unit, suggesting a new investigation that c
Chinese police detain Evergrande s wealth management staff forexlive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forexlive.com Daily Mail and Mail on Sunday newspapers.
The police in southern China have detained some staff at the wealth management business of China Evergrande Group in the latest turmoil at the giant property company.Shenzhen city police said over the weekend: “Recently, public security organs took criminal compulsory measures against Du and other
Evergrande, the world s most indebted property developer, is at the centre of a crisis in China s real estate sector that has seen a string of defaults since late 2021 that have rattled global markets and sparked fears of contagion. Trading in the company s stock was suspended for 17 months until Aug. 28.